Nigeria: ICMR - Unclaimed Dividends Hit N50.94 Billion in 2013

15 June 2014

The Institute of Capital Market Registrars (ICMR) yesterday said unclaimed dividends in the nation's purse had reached N50.94 billion as at December 31, 2013.

The Chairman of Council ICMR, Mr. Bayo Olugbemi, who made the disclosure in Lagos at a news conference, said the figure represented 5.05 per cent of the total dividends declared for the past 10 years. He said the current level of unclaimed dividends was a significant improvement compared with past years.

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